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Polymer Launches Polymer Hub, a Real-Time Interoperability Protocol for Ethereum Rollups
PANews reported on November 11 that according to The Block, blockchain infrastructure company Polymer Labs officially launched the real-time interoperability protocol Polymer Hub on the Ethereum mainnet, aiming to achieve seamless cross-chain communication between Ethereum Rollups. Polymer Hub initially supports the OP Stack ecosystem, including OP Mainnet, World Chain, and the Base network incubated by Coinbase, and plans to expand to other Ethereum Rollup ecosystems.
Polymer Hub is based on the IBC protocol developed by Cosmos, which reduces the overhead of cross-chain communication and achieves more efficient cross-chain speed and cost optimization. It uses a pre-confirmation mechanism and EigenDA technology to support data-intensive on-chain use cases, and provides reorganization protection to complete cross-chain transaction settlement at millisecond speeds to ensure transaction security.
Polymer Hub is based on the IBC protocol developed by Cosmos, which reduces the overhead of cross-chain communication and achieves more efficient cross-chain speed and cost optimization. It uses a pre-confirmation mechanism and EigenDA technology to support data-intensive on-chain use cases, and provides reorganization protection to complete cross-chain transaction settlement at millisecond speeds to ensure transaction security.
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Conflux launches blockchain-based payment ecosystem PayFi and plans to invest $500 million to promote the development of PayFi ecosystem
PANews reported on November 11 that according to an official announcement by Conflux, Conflux has launched PayFi, a blockchain-based payment ecosystem, which aims to become the Web3 payment infrastructure for the next generation of consumers. PayFi is positioned as an innovative financial ecosystem that provides new financial experiences through efficient and low-cost blockchain technology, centering on concepts such as programmable currency, real-time finance, and streaming payments.
The Conflux Foundation plans to invest $500 million from the ecological fund to promote the development of the PayFi ecosystem. PayFi will cover multiple application scenarios, including consumer payments, creator economy, and supply chain financing, and is committed to solving the inefficiency of traditional payment systems and providing users with more convenient and programmable payment methods.
The Conflux Foundation plans to invest $500 million from the ecological fund to promote the development of the PayFi ecosystem. PayFi will cover multiple application scenarios, including consumer payments, creator economy, and supply chain financing, and is committed to solving the inefficiency of traditional payment systems and providing users with more convenient and programmable payment methods.
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Espresso announced that its core product "Confirmation Layer" has been launched on the mainnet
PANews reported on November 12 that according to CoinDesk, the blockchain project Espresso announced that its core product "confirmation layer" has been launched on the mainnet, providing key infrastructure for cross-chain composability. The confirmation layer allows different Rollup networks to read and trust each other's transaction data, thereby accelerating cross-chain asset bridging, decentralizing the key component "sequencer" in Rollup, and achieving low-cost transaction data storage.
Espresso Systems CEO Ben Fisch said that this confirmation layer ensures that the block data released by Rollup cannot be changed once released, providing higher security for cross-chain protocols and applications. In addition, this confirmation layer will be gradually integrated into major Rollup ecosystems such as Arbitrum, Optimism and Polygon to accelerate the development of cross-chain composability. Espresso completed a $28 million Series B financing in March, led by a16z Crypto.
Espresso Systems CEO Ben Fisch said that this confirmation layer ensures that the block data released by Rollup cannot be changed once released, providing higher security for cross-chain protocols and applications. In addition, this confirmation layer will be gradually integrated into major Rollup ecosystems such as Arbitrum, Optimism and Polygon to accelerate the development of cross-chain composability. Espresso completed a $28 million Series B financing in March, led by a16z Crypto.
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Binance has seen net inflows of $1 billion for two consecutive weeks, with net inflows exceeding $5 billion in November
PANews reported on November 11 that according to DeFiLlama data, Binance has had net inflows of US$1 billion for two consecutive weeks, bringing the net inflow in November to more than US$5 billion. This number is five times the net inflow of the second largest platform. . The significant growth highlights Binance’s position as the trading platform of choice amid surging market demand and rising user interest in crypto assets.
In addition, Binance App had more than 13 million visits per day on November 6, which echoed the increased attention after the results of the US presidential election were announced. According to DeFiLlama records, Binance's user asset holdings have reached US$130 billion, the highest user asset holdings since Binance began disclosing proof of reserves two years ago. At the same time, CryptoQuant reported that Binance's reserve percentage (showing the proportion of reserves held by Binance to all exchange reserves) climbed to 25% this month, up 4% from 21% in November 2023.
In addition, Binance App had more than 13 million visits per day on November 6, which echoed the increased attention after the results of the US presidential election were announced. According to DeFiLlama records, Binance's user asset holdings have reached US$130 billion, the highest user asset holdings since Binance began disclosing proof of reserves two years ago. At the same time, CryptoQuant reported that Binance's reserve percentage (showing the proportion of reserves held by Binance to all exchange reserves) climbed to 25% this month, up 4% from 21% in November 2023.
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Orderly Network Announces Integration with Avalanche Network
PANews reported on November 11 that according to official news, Orderly Network announced the integration of the Avalanche network to further expand its liquidity infrastructure. Avalanche has the processing capacity of more than 4,500 transactions per second, and the transaction confirmation time is less than two seconds. Through this integration, users on Avalanche can seamlessly connect with traders on other EVM and non-EVM chains and enjoy the deep liquidity and efficient trading experience brought by Orderly Network.
Orderly currently supports six chains: Polygon, Arbitrum, Optimism, Base, Ethereum mainnet and Mantle, and plans to support Solana in the future.
Orderly currently supports six chains: Polygon, Arbitrum, Optimism, Base, Ethereum mainnet and Mantle, and plans to support Solana in the future.
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$BULL, driven by consensus of hundreds of DAO communities, is officially launched on BitMart today
PANews reported on November 11 that according to official news from BitMart, $BULL, a newcomer in this round of MEME craze, was officially launched today. $BULL is a MEME attribute token based on a decentralized social ecosystem and driven by the consensus of hundreds of DAO communities. Since its fair launch, it has continued to empower multiple Web3 ecological fields, including: social, new media, DeFi Earn, and AI tools and other rich application scenarios. With its innovation and community support, $BULL won the sixth place in the third season of the MEME COIN INNOVATION trading competition held by BNB Chain in October this year, demonstrating strong market potential and broad community consensus.
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MicroStrategy raises $2.03 billion and buys 27,200 Bitcoins
PANews reported on November 11 that according to MicroStrategy's announcement, the company purchased 27,200 bitcoins between October 31 and November 10, spending approximately $2.03 billion, with an average purchase price of approximately $74,463 per bitcoin. Currently, MicroStrategy's total holdings have reached 279,420 bitcoins, with a total purchase cost of approximately $11.9 billion and an average price of approximately $42,692 per bitcoin. The funds for this purchase came from the $2.03 billion raised by the company through ATM stock sales activities.
MicroStrategy's Bitcoin year-to-date return (BTC Yield) is 26.4%, with a quarterly return of 7.3%.
MicroStrategy's Bitcoin year-to-date return (BTC Yield) is 26.4%, with a quarterly return of 7.3%.
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With the arrival of the bull market, the 8 major trends in the DeFi field are worth paying attention to
This article was specially written by Vincent Maliepaard, Marketing Director of Into TheBlock.
DeFi is driving one of the most aggressive waves of innovation in decades. While some may feel that DeFi is a mature industry, it is still evolving rapidly, constantly launching tools that have the potential to redefine traditional finance.
Below we take a look at some of the most promising developments in DeFi and the protocols at the forefront of this revolution.
1. Yield Automated Market Maker Protocol
The Yield Automated Market Maker (AMM) is launching a groundbreaking way to manage and trade yield.
DeFi is driving one of the most aggressive waves of innovation in decades. While some may feel that DeFi is a mature industry, it is still evolving rapidly, constantly launching tools that have the potential to redefine traditional finance.
Below we take a look at some of the most promising developments in DeFi and the protocols at the forefront of this revolution.
1. Yield Automated Market Maker Protocol
The Yield Automated Market Maker (AMM) is launching a groundbreaking way to manage and trade yield.
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Abraxas Capital Management-associated address suspected of selling $75.39 million in WBTC and ETH
PANews reported on November 11 that according to @ai_9684xtpa monitoring, the Abraxas Capital Management associated address 0xEd0…a4312 is suspected of selling WBTC and ETH worth about $75.39 million. In the past 4 hours, the address has recharged 200 WBTC (about $16.21 million) to Binance and 18,500 ETH (about $59.18 million) to Bitfinex.
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❜mbd completes $3 million pre-seed round of financing, led by Mask Network and Polymorphic Capital
PANews reported on November 11 that ❜mbd, a company developing an intelligent recommendation system for Web3 social applications, completed a $3 million pre-seed round of financing. This round of financing was jointly led by Mask Network and Polymorphic Capital, with participation from a16z crypto, CSX, Forward Research, Social Graph Ventures and WAGMI. ❜mbd is committed to improving the content personalization and interactivity of Web3 social applications through AI-driven recommendation systems, and has integrated AWS and Google Cloud AI startup support programs.
❜mbd focuses on developing decentralized content recommendation and review protocols, providing low-latency, real-time updated machine learning APIs, and providing Web3 developers with a personalized experience similar to Web2 social platforms.
❜mbd focuses on developing decentralized content recommendation and review protocols, providing low-latency, real-time updated machine learning APIs, and providing Web3 developers with a personalized experience similar to Web2 social platforms.
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PA Daily | BTC Continues to Rise, Surpassing $82,000; Binance Launches Meme Coins ACT and PNUT
Today's News Highlights:
Musk may support Trump in intervening with the Federal Reserve.
FTX is suing Binance and its former CEO Changpeng Zhao for $1.8 billion.
Binance will launch Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT).
ENS Labs is building the Layer 2 network "Namechain," expected to go live by the end of next year.
A user mistakenly locked $25 million in crypto assets permanently.
MicroStrategy's Bitcoin holdings have surpassed a value of $20 billion.
CoinShares: Last week, net inflows into digital asset investment products totaled $1.98 billion.
The open interest for Bitcoin options on Deribit with a strike price above $90,000 exceeds $2.8 billion.
Musk may support Trump in intervening with the Federal Reserve.
FTX is suing Binance and its former CEO Changpeng Zhao for $1.8 billion.
Binance will launch Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT).
ENS Labs is building the Layer 2 network "Namechain," expected to go live by the end of next year.
A user mistakenly locked $25 million in crypto assets permanently.
MicroStrategy's Bitcoin holdings have surpassed a value of $20 billion.
CoinShares: Last week, net inflows into digital asset investment products totaled $1.98 billion.
The open interest for Bitcoin options on Deribit with a strike price above $90,000 exceeds $2.8 billion.
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Bernstein expects Bitcoin to reach $200,000 by the end of 2025
PANews, November 11 - According to The Block, Bernstein analysts released a bullish report after the U.S. elections, encouraging investors to increase their exposure to the cryptocurrency industry as soon as possible. Bitcoin broke $80,000 and set a new historical high following Trump's victory. Gautam Chhugani, head of research at Bernstein, stated that the Trump administration is expected to adopt pro-crypto policies or appoint a new SEC chairman, which could bring a more favorable regulatory environment for the industry.
The report suggests that investors focus on spot Bitcoin and Ethereum ETFs, publicly listed Bitcoin mining companies, companies holding Bitcoin, and cryptocurrency trading platforms (such as Robinhood and Coinbase). Additionally, Bernstein expects Bitcoin to reach $200,000 by the end of 2025 and recommends investors buy major digital assets like BTC, ETH, and SOL.
The report suggests that investors focus on spot Bitcoin and Ethereum ETFs, publicly listed Bitcoin mining companies, companies holding Bitcoin, and cryptocurrency trading platforms (such as Robinhood and Coinbase). Additionally, Bernstein expects Bitcoin to reach $200,000 by the end of 2025 and recommends investors buy major digital assets like BTC, ETH, and SOL.
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TG's popular game Piggy token $PGC is about to launch on multiple exchanges, along with the first fan social game 710 on TG
PANews, November 11 news, the popular TG game PiggyPiggy produced by FunKing is set to launch its token $PGC on multiple exchanges including KuCoin, Bitget, and Gate.io on November 12. Since its launch in August, PiggyPiggy has attracted over 10 million users, with monthly revenue exceeding 200,000 USDT and over 54,000 paying users.
This week, FunKing also launched its first social game 710 based on Telegram, centered around the debate of who is the true GOAT between Cristiano Ronaldo and Lionel Messi. It is reported that 710 will start its first internal test next week, with over 280,000 sign-ups so far, and the community has exceeded 300,000 in just two days.
This week, FunKing also launched its first social game 710 based on Telegram, centered around the debate of who is the true GOAT between Cristiano Ronaldo and Lionel Messi. It is reported that 710 will start its first internal test next week, with over 280,000 sign-ups so far, and the community has exceeded 300,000 in just two days.
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TAC completes $6.5 million financing to provide EVM application access for TON and Telegram users
PANews November 11 news, according to The Block, the TON network expansion project TAC has completed a $6.5 million seed round financing, led by Hack VC and Symbolic Capital, with participation from Primitive, Paper Ventures, Karatage, Animoca Ventures, and others. TAC will provide seamless access to Solidity applications for TON and Telegram users and plans to launch a testnet this week, with the mainnet expected to be released in the first quarter of 2025. TAC aims to connect Ethereum developers with the TON blockchain ecosystem, simplifying the development process on TON. This financing will be used for marketing, developer relations, and technological research and development.
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CoinShares: Last week saw a net inflow of $1.98 billion in digital asset investment products
PANews reported on November 11 that according to the latest weekly report from CoinShares, digital asset investment products saw inflows of $1.98 billion after the U.S. elections, pushing the total assets under management (AuM) to a record high of $116 billion, marking five consecutive weeks of net inflows. Regional inflows were primarily concentrated in the U.S. ($1.95 billion), with Switzerland and Germany seeing inflows of $23 million and $20 million, respectively.
Bitcoin performed strongly, attracting $1.8 billion in inflows, with a total inflow of $9 billion since the Federal Reserve's first interest rate cut in September, influenced by macroeconomic conditions and changes in U.S. politics. Ethereum saw an inflow of $157 million last week, the largest since the ETF listing in July, indicating an improvement in market sentiment.
Bitcoin performed strongly, attracting $1.8 billion in inflows, with a total inflow of $9 billion since the Federal Reserve's first interest rate cut in September, influenced by macroeconomic conditions and changes in U.S. politics. Ethereum saw an inflow of $157 million last week, the largest since the ETF listing in July, indicating an improvement in market sentiment.
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Standard Chartered: Why Tokenization is Set to Become a Game Changer for Global Trade?
This report, co-authored by Standard Chartered and Synpulse, is a comprehensive analysis of real-world asset tokenization in the context of cross-border trade scenarios. The report details how tokenization will become a game changer for global trade, providing investors with unprecedented liquidity, divisibility, and accessibility by transforming trade assets into transferable instruments.
Traditional financial assets can experience significant fluctuations due to macro market impacts, whereas trade assets differ in this aspect. While trade is closely linked to the economy, economic recessions will affect bank lending. However, the significant trade finance gap still provides a good opportunity for investors to enter the market, as small and medium-sized enterprises continue to require substantial financing, creating ongoing investment opportunities. To some extent, trade assets are able to withstand global economic downturns.
Traditional financial assets can experience significant fluctuations due to macro market impacts, whereas trade assets differ in this aspect. While trade is closely linked to the economy, economic recessions will affect bank lending. However, the significant trade finance gap still provides a good opportunity for investors to enter the market, as small and medium-sized enterprises continue to require substantial financing, creating ongoing investment opportunities. To some extent, trade assets are able to withstand global economic downturns.
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A user’s operational error leads to $25 million in crypto assets being permanently locked, urgently seeking hacker assistance for recovery
PANews reported on November 11 that a cryptocurrency user mistakenly sent $25 million worth of Renzo re-staked Ethereum tokens to the wrong 'safety module' address instead of the correct 'safety wallet' address, causing the funds to potentially be permanently locked. The user urgently sought help on social media and promised to pay about $2.5 million (10% of the current price) as a reward if any hacker or white hat could successfully recover the funds.
Renzo is a liquidity re-staking platform focused on Ethereum and Solana. Currently, these funds cannot be withdrawn unless the Renzo team upgrades the contract to add corresponding rescue features. DefiLlama founder 0xngmi stated that unless Renzo intervenes, users' funds cannot be retrieved. As of the time of publication, Renzo has not publicly responded to this matter.
Renzo is a liquidity re-staking platform focused on Ethereum and Solana. Currently, these funds cannot be withdrawn unless the Renzo team upgrades the contract to add corresponding rescue features. DefiLlama founder 0xngmi stated that unless Renzo intervenes, users' funds cannot be retrieved. As of the time of publication, Renzo has not publicly responded to this matter.
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Filecoin L2 project Akave completes $3.45 million funding and launches Yucca testnet
PANews reported on November 11 that the decentralized data storage project Akave successfully completed a $3.45 million funding round, which was participated in by Protocol Labs, Blockchange VC, Lightshift, and Blockchain Builders Fund. This funding will be used to accelerate Akave's development in on-chain data management.
Akave has launched the Yucca testnet, open to early testers, for exploring on-chain data storage and programmability. As a hot storage Layer 2 solution for Filecoin, Akave provides tools for enterprises, AI companies, and DePIN developers to move beyond traditional cloud storage, build on-chain data lakes, and promote the development of data ownership and new data monetization models.
Akave has launched the Yucca testnet, open to early testers, for exploring on-chain data storage and programmability. As a hot storage Layer 2 solution for Filecoin, Akave provides tools for enterprises, AI companies, and DePIN developers to move beyond traditional cloud storage, build on-chain data lakes, and promote the development of data ownership and new data monetization models.
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The locked amount of Scallop's native token $SCA has exceeded 15 million, and its SCoin has been integrated into Cetus and Bucket.
PANews November 11 news, according to official news, the Sui ecological lending protocol Scallop's sCoin has been integrated into the leading decentralized exchange Cetus and the largest decentralized stablecoin protocol Bucket on Sui. sCoin is the corresponding underlying asset that users receive after depositing tokens in the Scallop lending pool, and holders can earn interest, which will be further enhanced by the recent integration of yields.
In addition, the locked amount of Scallop's native token $SCA has exceeded 15 million, and recently 200,000 $SCA has been airdropped to veSCA holders.
In addition, the locked amount of Scallop's native token $SCA has exceeded 15 million, and recently 200,000 $SCA has been airdropped to veSCA holders.
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Currently, the trend of $BTC shows that after continuously breaking new highs, there is no significant selling pressure, with the price reaching 80,000. Essentially all profit positions are here. At this time, breaking,, 80,000 still hasn't activated a large amount of selling pressure, which can only indicate two points,
1. The price consensus has not" been reached yet. Market sentiment is optimistic enough and bullish, leading most traders' profit targets to 80,000 or even higher points like 100,000.
2. Weekend liquidity is (relatively) low, and less capital may push prices higher. Meanwhile the activity on the US side is lower, and the real selling pressure may not have appeared yet.
Currently, both scenarios are,, possible, especially with the rise during the weekend, as the increase brought by low liquidity can easily be misleading.
As for altcoins, ETH's ""momentum is already quite evident. Once BTC stabilizes, ETH will take the opportunity to rise. Many mainstream altcoins are( already) unable to contain their restlessness and are showing movement. However to confirm sufficiently positive sentiment, we still need to wait until Tuesday. Previously, I mistakenly referred to it as Monday, having forgotten that there is a holiday in the US on Monday.
Once we reach "Tuesday and the US stock market opens, if the US side continues to consolidate the rise in BTC prices and macro external factors do not bring( negative) sentiment, then altcoins are very likely to become active at the start of normal trading days. We have waited patiently -for over 8 months for altcoin activity, which may soon be upon us.
At the same time, the'' fourth quarter of every year and the phase leading up to the Chinese New Year often brings a surge in the crypto market. If this year can (continue) it wouldn't be a bad thing.
However, happiness is always short-lived. If the market welcomes a- wave of activity, by February or March next year, we will again face a stage of entanglement.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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